Punch & Associates Investment Management Inc. Invests $5.92 Million in Research Solutions Inc. $RSSS

Punch & Associates Investment Management Inc. acquired a new position in shares of Research Solutions Inc. (NASDAQ:RSSS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,552,455 shares of the company’s stock, valued at approximately $5,922,000. Punch & Associates Investment Management Inc. owned approximately 7.63% of Research Solutions at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSSS. XTX Topco Ltd acquired a new stake in shares of Research Solutions during the fourth quarter worth $65,000. NewEdge Advisors LLC purchased a new stake in shares of Research Solutions during the first quarter worth about $71,000. Jane Street Group LLC grew its position in shares of Research Solutions by 148.6% during the fourth quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after buying an additional 15,438 shares in the last quarter. Topline Capital Management LLC acquired a new position in Research Solutions during the 2nd quarter worth $125,000. Finally, Goldman Sachs Group Inc. grew its holdings in Research Solutions by 18.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock worth $126,000 after acquiring an additional 6,729 shares in the last quarter. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on RSSS shares. Lake Street Capital decreased their price target on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Research Solutions in a report on Wednesday, August 12th. Maxim Group lowered their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Roth Capital restated a “buy” rating and set a $3.50 price objective on shares of Research Solutions in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3.83.

Research Solutions Price Performance

Research Solutions stock opened at $2.24 on Thursday. Research Solutions Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $4.12. The firm’s 50 day simple moving average is $2.25 and its 200-day simple moving average is $2.33. The company has a market cap of $74.93 million, a P/E ratio of 16.00 and a beta of 0.75.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.